"Not sure I follow the theory - Heddle, being a conniving con man, gives John $1M early on in the "development" of PTOI. He then somehow gets appointed CEO of the scam company that burned through $60M+ of other people's money building a processor that won't work, and then he lends that very same scam company $3M more of his own money (apparently risk free) so that he can keep selling enough shares to pay some bills (but not others, like fixing the processors) until such time as he can hopefully pull off a pump and dump scheme like the ones he tried earlier (that apparently didn't work) that will allow him to sell lots of shares to unsuspecting marks for as much money as he can, before he finally shuts everything down and walks away with the loot. That's the theory?"
- A normally pollyannaish long (aren't they all??)
That's very close. Investors who continue to 'donate' their money to PTOI need to understand that they are PTOI's single greatest asset. PTOI uses their shares as currency and the average-downers' constant net buying sets the share to dollar exchange rate. Without them, PTOI would shut down.
Even when Mr. Heddle took over mid-August, 2013, there were 90,473,942 shares of common stock outstanding. At last count there were 124,756,158. Those 34M shares added during Mr. Heddle's tenure is an astronomical 44% of the total number of shares traded during that same time--and remember the prices under Mr. Heddle started in the $0.40's. Those shares were used as currency or sold on the market. And now Mr. Heddle is looking for outside capital to start up the processors...that's where investors will be asked to cough up even more money.
Mr. Heddle's $4M he loaned the company as senior debt earning 12% might not be "risk free"...but it's probably close since some portion, if not most, of that money was used to benefit himself.
- A normally pollyannaish long (aren't they all??)
That's very close. Investors who continue to 'donate' their money to PTOI need to understand that they are PTOI's single greatest asset. PTOI uses their shares as currency and the average-downers' constant net buying sets the share to dollar exchange rate. Without them, PTOI would shut down.
Even when Mr. Heddle took over mid-August, 2013, there were 90,473,942 shares of common stock outstanding. At last count there were 124,756,158. Those 34M shares added during Mr. Heddle's tenure is an astronomical 44% of the total number of shares traded during that same time--and remember the prices under Mr. Heddle started in the $0.40's. Those shares were used as currency or sold on the market. And now Mr. Heddle is looking for outside capital to start up the processors...that's where investors will be asked to cough up even more money.
Mr. Heddle's $4M he loaned the company as senior debt earning 12% might not be "risk free"...but it's probably close since some portion, if not most, of that money was used to benefit himself.
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Plastic2Oil, Inc. (PTOI) Stock Research Links
Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
